Europe

UK - Pension funds have welcomed Tesco's promise to look at current directors' contracts.

UK - The department for work and pensions is having to redraft its latest pensions proposals after it emerged there was a "typographical mistake" in the documentation.

UK - Proposals in the FSA's consultation paper CP170, Informing consumers: product disclosure at the point of sale, are flawed, the Association of Independent Financial Advisers has warned.

UK - Pension fund members will automatically be sent the actuarial reports on their scheme's performance if the government bows to Actuarial Profession demands.

UK - Frank Russell has appointed Renata Milczarek as director of private equity, Europe.

UK - The FSA said it is exercising greater control over its pension liabilities by taking into account the impact of future salary increases.

UK - Independent financial advisers are still suffering from being unable to get professional indemnity, a new survey shows.

GREECE - Continental European pension funds have so far committed some e15m to a new Greek government backed private equity fund of funds designed to revive interest in the flagging market.

UK - Margaret Craig is rejoining Standard Life after serving nearly three years as Scottish Equitable's high profile pensions development manager.

UK - The £495m Oxfordshire County Council Pension Fund has appointed three managers for mandates worth a total of £205m.